Excellent opportunity to own this fully occupied, well-maintained 8-unit investment property in Northeast Detroit, right on the Harper Woods boarder. Unit mix includes (4) one-bedroom and (4) two-bedroom apartments — fully leased and generating immediate income. Separate electric meters for each unit. Recent updates include roof (2020) and hot water tank (2021), and several unit turns/ updates in the last year. Conveniently located near shopping and major freeways. A great addition to any portfolio — don't miss this one!
Multi-familyProperty Type
1963Year Built
8,276 sq ftLot Size
$70Price/Sq.Ft.
8 spacesParking
Listed by Edgar Butler• @properties Christie's Int'l R.E. Birmingham
Bought with Edgar Butler• @properties Christie's Int'l R.E. Birmingham
Excellent opportunity to own this fully occupied, well-maintained 8-unit investment property in Northeast Detroit, right on the Harper Woods boarder. Unit mix includes (4) one-bedroom and (4) two-bedroom apartments - fully leased and generating immediate income. Separate electric meters for each unit. Recent updates include roof (2020) and hot water tank (2021), and several unit turns/ updates in the last year. Conveniently located near shopping and major freeways. A great addition to any portfolio - don't miss this one!
REALCOMP #20221031567
Nov 21, 2022
Sold
$375,000
$59/sq ft
Nov 15, 2022
Pending
—
Nov 9, 2022
Price Changed
$375,000
$59/sq ft
Nov 9, 2022
Relisted
—
Aug 22, 2022
Contingent
—
Aug 19, 2022
Listed
$349,900
$55/sq ft
Aug 16, 2022
Coming Soon
$349,900
$55/sq ft
HIGHEST AND BEST DUE BY 5PM MONDAY 11/14. Excellent opportunity to own this very well maintained 8 unit building in Northeast Detroit. (4) One bedroom units and (4) Two bedroom units. Great location. Separate Electricity Meters. Rent includes-Water and Heat. Close to shopping and freeways. Updates include: Roof-2020, Hot Water Tank-2021, 2nd Floor Balcony Reinforcement.
Greater Lansing AoR #60130506
Nov 21, 2022
Sold
$375,000
$59/sq ft
Nov 21, 2022
Sold
$375,000
$59/sq ft
Nov 15, 2022
Pending
—
Nov 9, 2022
Price Changed
$375,000
$59/sq ft
Nov 9, 2022
Relisted
—
Aug 22, 2022
Contingent
—
Aug 19, 2022
Listed
$349,900
$55/sq ft
Aug 16, 2022
Coming Soon
$349,900
$55/sq ft
Aug 16, 2022
Listed
$375,000
$59/sq ft
MiRealSource-MiMLS #21421655
Jun 29, 2018
Sold
$279,000
$44/sq ft
Mar 10, 2018
Listed
$289,000
$45/sq ft
MiRealSource-MiMLS #31009053
Jun 16, 2010
Sold
$14,000
$2/sq ft
Jun 11, 2010
Listing Removed
—
Jun 9, 2010
Listed
$14,900
$2/sq ft
MiRealSource-MiMLS #136696
Dec 15, 2000
Sold
$19,000
$3/sq ft
Dec 1, 2000
Listing Removed
—
Oct 6, 2000
Listed
$19,900
$3/sq ft
MiRealSource-MiMLS #125828
Aug 24, 1995
Sold
$19,000
$3/sq ft
Aug 22, 1995
Listing Removed
—
Jul 18, 1995
Listed
$21,500
$3/sq ft
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
90 ft.
Lot depth
90 ft.
Lot size
—
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Condo/Co-op
County
Wayne County
APN
—
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jan 29, 2019.
B2
Local Business and Residential District
The B2 Local Business and Residential District provides for the day-to-day consumer goods and services required to serve a small residential area. High-traffic generating and traffic-oriented uses are restricted because of their obvious undesirable influence on adjacent residential areas.
Permitted uses
Include but are not limited to:
Greenhouse / nursery
Day care facility
General retail
Restaurant
Hospital / medical center
Housing-Senior
Housing-Student
Manufacturing
Office
Educational/school
Property details
Parking
Parking/Garage Information
# of Parking Spaces Total: 8
Interior
Bathroom Information
# of Full Bathrooms: 8
Heating & Cooling
Has Cooling
Cooling: Wall Unit(s)
Has Heating
Heating: Baseboard, Natural Gas
Room Information
Laundry Features: Common Area
Has Basement
Basement Details: Unfinished, Storage Space
Exterior
Exterior Features
Roof: Asphalt
Pool Information
Pool Features: None
Building Information
Above Grade Finished Area: 6,400
Above Grade Finished Area Units: Square Feet
Levels: Two
Construction Materials: Brick
Foundation Details: Block
Property Features
Pets Allowed: Call
Property Information
Property Type: Residential Income
Property Sub Type: Multi Family
Raw Mls Property Sub Type: MultiFamily
Lot Information
Road Surface Type: Paved
Road Responsibility: Private Maintained Road
Road Frontage Type: Private Road
Lot Size Dimensions: 90 x 90
Lot Size Units: Acres
Lot Size Acres: 0.19
Zoning Description: Commercial, MultiFamily
Financial
Tax Information
Tax Annual Amount: $14,940
Utilities
Utility Information
Water Source: Public
Sewer: Public Sewer
Location
Schools Information
High School District: Detroit
Location Information
Directions: SOUTH OF 8 MILE AND WEST OF KELLY
Subdivision Name: TERNES SUPERHIGHWAY
Cross Street: S of 8 MILE/ W of KELLY
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Condo/Co-op
Year Built: —
Year Renovated: —
County: Wayne County
APN: —
Home facts updated by county records on Jan 29, 2019
Other
Listing Information
List AOR: RealcompIILtd
Around this home
Schools
Fisher Magnet Lower Academy
Public PreK-4 • Assigned • 1.0mi
Fisher Magnet Upper Academy
Public 5-8 • Assigned • 1.1mi
Denby High School
Public 9-12 • Assigned • 1.7mi
4/10
Provided by GreatSchools
Climate risks
3/10 Flood Factor
Estimated 10-14% chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 96° expected this year, 15 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 4 days in 30 years
Provided by First Street
Historical weather
Harper Woods, MI • 48225
Average low and high temperatures (°F)
28
17
34
21
51
33
60
42
66
50
80
62
83
69
78
64
75
60
65
49
50
39
37
26
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.1 hours in
June and 2.4 hours in December, placing it below the
U.S. average for solar exposure.